EXTERMINATORS PLC
Interim Financial Statements Year ending 31.03.2025
Exterminators PLC
STATEMENT OF COMPREHENSIVE INCOME For the Twelve Months Period Ended 31 March 2025Group
Jan - Mar Rs. | Jan - Mar Rs. | Apr - Mar Rs. | Apr - Mar Rs. | |
Revenue | 34,510,645 | 38,154,032 | 153,624,292 | 143,009,863 |
Cost of Sales | (13,352,020) | (11,530,701) | (52,227,976) | (38,872,545) |
Gross Profit | 21,158,625 | 26,623,331 | 101,396,316 | 104,137,318 |
Other Operating Income | 9,280,310 | - | - | 35,050 |
Administrative Expenses | (16,049,966) | (12,182,681) | (55,940,504) | (51,389,074) |
Selling and Distribution Expenses | (9,817,693) | (14,645,030) | (38,786,298) | (43,781,800) |
Other Operating Expenses | (30,277) | - | (30,277) | (4,732,979) |
Finance Expenses | (662,760) | (149,932) | (2,741,863) | (750,239) |
Finance Income | 500,816 | 985,405 | 2,209,041 | 5,676,578 |
Profit before Tax | 4,379,055 | 631,093 | 6,106,414 | 9,194,854 |
Income Tax Expense | - | 1,347,733 | - | (207,598) |
Profit for the Year | 4,379,055 | 1,978,826 | 6,106,414 | 8,987,256 |
Other Comprehensive Income/(Expense) Actuarial Gains/(Losses) on Defined Benefit Plans | - | - | - | (2,161,138) |
Deferred Tax Effect | - | - | - | 648,341 |
Other Comprehensive Income for the year | - | - | - | (1,512,797) |
Total Comprehensive Income for the year | 4,379,055 | 1,978,826 | 6,106,414 | 7,474,459 |
Earnings Per Share | 0.08 | 0.04 | 0.12 | 0.14 |
All figures are provisional and subject to audit, unless otherwise stated
Exterminators PLC STATEMENT OF COMPREHENSIVE INCOME For the Twelve Months Period Ended 31 March 2025Company 2025 2024 2025 2024
Three Months Ended Twelve Months EndedJan - Mar Rs. | Jan - Mar Rs. | Apr - Mar Rs. | Apr - Mar Rs. | |
Revenue | 21,672,326 | 38,154,032 | 111,044,141 | 143,009,863 |
Cost of Sales | (10,830,859) | (11,530,701) | (39,342,066) | (38,872,545) |
Gross Profit | 10,841,467 | 26,623,331 | 71,702,075 | 104,137,318 |
Other Operating Income | 9,280,310 | - | - | 35,050 |
Administrative Expenses | (9,400,633) | (12,182,681) | (37,333,649) | (51,389,074) |
Selling and Distribution Expenses | (7,169,189) | (14,645,030) | (29,298,671) | (43,781,800) |
Other Operating Expenses | (30,277) | - | (30,277) | (4,732,979) |
Finance Expenses | (669,332) | (149,932) | (2,741,863) | (750,239) |
Finance Income | 500,816 | 985,405 | 2,209,041 | 5,676,578 |
Profit before Tax | 3,353,161 | 631,093 | 4,506,656 | 9,194,854 |
Income Tax Expense | - | 1,347,733 | - | (207,598) |
Profit for the Year | 3,353,161 | 1,978,826 | 4,506,656 | 8,987,256 |
Other Comprehensive Income/(Expense) Actuarial Gains/(Losses) on Defined Benefit Pla | - | - | (2,161,138) | |
Deferred Tax Effect | - | - | - | 648,341 |
Other Comprehensive Income for the year | - | - | - | (1,512,797) |
Total Comprehensive Income for the year | 3,353,161 | 1,978,826 | 4,506,656 | 7,474,459 |
Earnings Per Share | 0.0634 | 0.0374 | 0.0853 | 0.1414 |
All figures are provisional and subject to audit, unless otherwise stated
EXTERMINATORS PLC Statement of Financial PositionAs at 31 March 2025 | ||||
ASSETS | Gro 31 Mar 2025 Rs. | up 31 Mar 2024 Rs. | Company 31 Mar 2025 31 Mar 2024 Rs. Rs. | |
Non-Current Assets | ||||
Property, Plant and Equipment | 5,788,933 | 7,508,128 | 5,712,433 | 7,508,128 |
Right-of-use Assets | 21,860,506 | 17,425,426 | 21,860,506 | 17,425,426 |
Intangible Assets | 734,592 | 646,364 | 734,592 | 646,364 |
Total Non-Current Assets | 28,384,031 | 25,579,919 | 28,307,531 | 25,579,919 |
Current Assets | ||||
Financial Asset at Fair Value Through Pro | 21,300 | 21,300 | 21,300 | 21,300 |
Inventories | 28,855,769 | 24,963,182 | 28,855,769 | 24,963,182 |
Trade and Other Receivables | 70,526,824 | 56,842,604 | 60,526,529 | 56,842,604 |
Amounts Due From Related Parties | 46,706,404 | 31,079,162 | 42,660,112 | 31,079,162 |
Cash and Cash Equivalents | 3,876,286 | 7,457,216 | 2,252,420 | 7,457,216 |
Total Current Assets | 149,986,583 | 120,363,464 | 134,316,130 | 120,363,464 |
Total Assets 178,370,614 145,943,382 162,623,661 145,943,382 | ||||
EQUITY AND LIABILITIES Equity and Reserves | ||||
Stated Capital | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 |
Retained Earnings | 8,436,449 | 2,330,034 | 6,836,690 | 2,330,034 |
Revaluation Reserve | 23,783,840 | 23,783,840 | 23,783,840 | 23,783,840 |
Total Equity | 132,220,289 | 126,113,874 | 130,620,530 | 126,113,874 |
Non-Current Liabilities | ||||
Retirement Benefit Obligation | 3,059,834 | 3,483,282 | 3,059,834 | 3,483,282 |
Interest Bearing Loans and Borrowings | 1,509,342 | 1,569,953 | 1,509,342 | 1,569,953 |
Deferred Tax Liability | (407,500) | (407,501) | (407,500) | (407,501) |
Total Non-Current Liabilities | 4,161,676 | 4,645,735 | 4,161,676 | 4,645,735 |
Current Liabilities | ||||
Interest Bearing Loans and Borrowings | 13,487,495 | 6,799,790 | 13,487,495 | 6,799,790 |
Amounts due to related parties | 13,552,938 | - | - | - |
Trade and Other Payables | 15,222,669 | 8,022,723 | 14,628,412 | 8,022,723 |
Income Tax Payable | (274,452) | 361,260 | (274,452) | 361,260 |
Total Current Liabilities | 41,988,650 | 15,183,773 | 27,841,455 | 15,183,773 |
Total Equity and Liabilities 178,370,614 145,943,382 162,623,661 145,943,382 | ||||
Net Asset per Share | 2.61 | 2.98 | ||
I certify that these Financial Statements are in compliance with the requirements of the Companies Act No.07 of 2007.
Director Director
Exterminators PLC
STATEMENT OF CHANGES IN EQUITY
For the Year Ended 31 March 2025
2024
Company | Stated capital | Revaluation Reserve | Retained Earnings | Total Equity |
Rs. | Rs. | Rs. | Rs. | |
Balance as at 01 April 2023 | 100,000,000 | 23,783,840 | 12,481,304 | 136,265,143 |
Net profit for the year | - | - | 8,987,256 | 8,987,256 |
- | ||||
Dividends | - | - | (17,969,836) | (17,969,836) |
- | ||||
Other comprehensive income | - | - | (1,512,797) | (1,512,797) |
Prior year adjustments | - | - | 344,108 | 344,108 |
- | - | - | - | |
Balance as at 31 March 2024 | 100,000,000 | 23,783,840 | 2,330,034 | 126,113,874 |
Net profit for the year | - | - | 4,506,656 | 4,506,656 |
Dividends | - | - | - | - |
Other comprehensive income | - | - | - | |
Prior year adjustments | - | - | - | - |
Balance as at 31 March 2025 | 100,000,000 | 23,783,840 | 6,836,690 | 126,113,874 |
Company | Stated capital | Revaluation Reserve | Retained Earnings | Total Equity | |
Balance as at 01stApril 2023 | - | - | - | - | |
Net loss for the year | - | - | - | - | |
Dividends paid | - | - | - | - | |
Other comprehensive income | - | - | - | - | |
- | - | - | - | ||
Balance as at 01st April 2024 | - | - | - | - | |
Net profit for the year | - | - | 1,599,759 | 1,599,759 | |
- | |||||
Share | - | - | - | - | |
- | |||||
Dividends | - | - | - | - | |
- | |||||
Prior Year Adjustment | - | - | - | - | |
Balance as at 31 December 2024 | - | - | 1,599,759 | 1,599,759 | |
Statement of cash flows
Exterminators PLC
STATEMENT OF CASH FLOWS
For the Year Ended 31 March 2025
Cash Flows from Operating Activities | Gro 31 Mar 2025 Rs. | up 31 Mar 2024 Rs. | Com 31 Mar 2025 Rs. | pany 31 Mar 2024 Rs. | |
Profit before Tax | 6,106,414 | 9,194,854 | 4,506,656 | 9,194,854 | |
Adjustments for: | |||||
Gratuity | 2,014,951 | 804,903 | 2,014,951 | 804,903 | |
Depreciation | 5,198,838 | 6,454,204 | 5,198,838 | 6,454,204 | |
Amortization | 46,772 | 44,823 | 46,772 | 44,823 | |
Loan Interest | - | 41,161 | - | 41,161 | |
Lease Interest | 2,740,828 | 546,178 | 2,740,828 | 546,178 | |
Disposal Profit | - | (32,750) | - | (32,750) | |
Disposal Loss of Asset | - | 3,839,792 | - | 3,839,792 | |
Fair value adjustments | - | (2,300) | - | (2,300) | |
Operating Profit before Working Capital Changes | 16,107,804 | 20,890,863 | 14,508,045 | 20,890,863 | |
Working Capital Changes | |||||
Increase in Inventories | (3,892,587) | (8,427,500) | (3,892,587) | (8,427,500) | |
Increase in Trade and Other Receivables | (13,684,219) | 16,211,642 | (3,683,924) | 16,211,642 | |
(Increase)/Decrease in Amount Due From Related Parties | (15,627,242) | 2,698,060 | (11,580,950) | 2,698,060 | |
Increase in Amount Due to Related Parties | 13,552,938 | - | - | - | |
Increase in Trade and Other Payables | 7,199,946 | (11,567,448) | 6,605,690 | (11,567,448) | |
Cash Generated from Operating Activities | 3,656,639 | 19,805,618 | 1,956,274 | 19,805,618 | |
Income Tax Paid | (635,713) | (4,987,118) | (635,713) | (4,987,118) | |
Gratuity Paid | (2,438,400) | (5,995,850) | (2,438,400) | (5,995,850) | |
Net Cash Generated from Operating Activities | 582,527 | 8,822,649 | (1,117,839) | 8,822,649 | |
Cash Flows from Investing Activities | |||||
Acquisition of Property, Plant and Equipment | (8,049,722) | (7,386,712) | (7,973,222) | (7,386,712) | |
Acquisition of intangible assets | - | (257,088) | - | (257,088) | |
Disposal Proceed of Property, Plant and Equipment - 4,300,000 - 4,300,000 | |||||
Net Cash (Used in)/Generated from Investing Activities | (8,049,722) | (3,343,799) | (7,973,222) | (3,343,799) | |
Cash Flows from Financing Activities | |||||
Leases | 11,269,232 | - | 11,269,232 | - | |
Lease Rental Paid | (7,382,968) | (4,770,400) | (7,382,968) | (4,770,400) | |
Loan Interest | - | (41,161) | - | (41,161) | |
Dividends Paid | - | (17,969,836) | - | (17,969,836) | |
Net Cash Generated from/(Used in) Financing Activities | 3,886,264 | (22,781,397) | 3,886,264 | (22,781,397) | |
Net Cash Generated from Cash and Cash Equivalents | (3,580,931) | (17,302,547) | (5,204,797) | (17,302,547) | |
Cash and Cash Equivalents at the Beginning of the Year 7,457,216 24,759,763 7,457,216 24,759,763
Cash and Cash Equivalents at the End of the Year 3,876,285 7,457,216 2,252,419 7,457,216
All figures are provisional and subject to audit, unless otherwise stated.
General
The Exterminators (Private) Limited ("Company") incorporated as a private limited liability company on 24 of May 2004, in terms of Companies Act No. 17 of 1982 and re-registration on 11 of June 2010, in terms of Companies Act No. 07 of 2007. The Company has changed its status to a Limited Liability Company on 23 of November 2021, in terms of Companies Act No. 07 of 2007 and changed the company name as Exterminators Limited. The Company resolved to change the status of the company from Limited to PLC with effect from 30 March 2022,
The registered office of the Company and principal place of business is located at No: 02, Ascot Avenue, Colombo 05.
The Company has carried out an Initial Public Offer (IPO) of 10,000,000 Ordinary voting Shares at an offer Price of LKR 6.00 per share, successfully raising LKR 60 million and listed in Colombo Stock Exchange on 30thMarch 2022.
Principal Activities and Nature of Operations
During the year, the principal activities of the Company were providing pest management, termite management, mosquito management, sanitation and disinfection services.The company is distributed locally manufactured products and international brands.
Basis of Preparation
These condensed Interim Financial Statements of Exterminators PLC and the group are for the period ended 31stMarch 2025. They have been prepared in accordance with LKAS 34, Interim Financial Reporting, these Interim Financial Statements have been prepared in accordance with these SLFRS and IFRIC interpretation issued and effective as at the time and Companies Act No.07 of 2007. Provides the information required by the Colombo Stock Exchange.
Accounting Policies
The accounting policies and methods of computation adopted are consistent with those of the previous financial year as reported in the annual financial statements for the three months period ended 31stMarch 2025.
Significant changes
The company has acquired the 100 number of shares of Exterminator International (Private) Limited on 01stJuly 2024. (Per share value was Rs.1,000.00)
Directors' shareholding
Name of the Director | 31.03.2025 | % | 31.12.2024 | % | 31.03.2024 | % |
Marlon Ferreira | 35,825,859 | 67.78% | 36,277,850 | 68.64% | 36,277,850 | 68.64% |
Suhaniya Pelpola | 6,044,217 | 11.44% | 6,094,217 | 11.53% | 6,500,000 | 12.30% |
Nihal Attygalle | 8,610 | 0.02% | 8,610 | 0.02% | 8,610 | 0.02% |
Public shareholding
Issued share Capital as at 31th March 2025 Less : Directors Shareholding Spouses & Children under 18 of Directors Public Holding Public Holding as a % of Issued Share Capital Float Adjusted Market Capitalization Total No. of Shareholders representing the Public Holding as at 31.03.2025 | 52,852,459.00 41,878,686.00 10,973,773 20.76% 77,153,397.00 764 |
Names and the number of shares held by the largest 20 shareholders as of 31.03.2025
NAME | No of Shares % | ||
1 | MR. D.M. FERREIRA | 35,825,859 67.78% | |
2 | MS. G.S. PELPOLA | 6,044,217 | 11.44% |
3 | J.B. COCOSHELL (PVT) LTD | 1,354,925 2.56% | |
4 | MR. T.L.P. GUNAWARDENE | 1,302,281 | 2.46% |
5 | MR. F.N. HERFT | 1,100,000 2.08% | |
6 | DFCC BANK PLC/L.C.A. LANKESHWARA | 1,009,700 | 1.91% |
7 | COLOMBO MACHINERY & EQUIPMENT (PVT) LIMITED | 567,993 1.07% | |
8 | MR. W.W.D.D.S. PERERA | 384,005 | 0.73% |
9 | BANK OF CEYLON A/C CEYBANK UNIT TRUST | 333,769 0.63% | |
10 | DR. A.B. SAMARAKOON | 260,642 | 0.49% |
11 | MR. R.N. MUNASINGHE | 226,249 0.43% | |
12 | MR. D. VIDANAGE | 184,048 | 0.35% |
13 | BANK OF CEYLON A/C CEYBANK CENTURY GROWTH FUND | 166,884 0.32% | |
14 | MR. S.H. HUSSAIN | 150,000 | 0.28% |
15 | MR. D.P.P. FERNANDO | 143,445 0.27% | |
16 | MR. R. GAUTAM | 129,000 | 0.24% |
17 | MR. M.F. CADER | 115,188 0.22% | |
18 | MRS. C.D. HETTIARACHCHI | 100,000 | 0.19% |
19 | MR. W.D.D. SAMANTHA | 80,000 0.15% | |
20 | SENKADAGALA FINANCE PLC/M.M.ANSAR | 74,240 | 0.14% |
Total Top 20 | 49,552,445 93.76% | ||
Other Share Holders | 3,300,014 6.24% | ||
Total Shares | 52,852,459 | 100.00% | |
31.03.2025 (No of shares) | 31.03.2025 (LKR) | 31.03.2024 (No of shares) | |
Ordinary Shares | 52,852,459 | 100,000,000 | 52,852,459 |
Total | 52,852,459 | 100,000,000 | 52,852,459 |
Earnings per share
Earnings per share has been calculated, for all periods, based on the number of shares in issue as of 31.03.2025
31.03.2025 | 31.03.2024 | |
Net profit attributable to shareholders Weighted average number of Shares | 4,506,656 52,852,459 | 7,099,394 52,852,459 |
Earnings per share | 0.09 | 0.17 |
The calculation of the earnings per share is based on the profit for the three-month period ended 31thMarch 2025 attributable to ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the three-month period ended 31thMarch 2025 as given above, as per the requirements of the Sri Lanka Accounting Standard (LKAS 33) -"Earnings per Share"
EVENTS OCCURRING AFTER THE REPORTING DATE
There were no significant events after the reporting period that require adjustments to or disclosures in the financial statements.
Contingent Liabilities
There were no material contingent liabilities as of 31.03.2025
Capital Expenditure Commitments
There were no material capital expenditure commitments as of 31.03.2025
Company Name | Exterminators PLC |
Legal Form | A Public Limited Liability Company, listed on the Colombo Stock Exchange on 30th March 2022. |
Company registration | PB 00248739 |
Head office | 02, Ascot Avenue, Colombo-05. Tel 0117 760 760/1, 0115 760 760, 0767 760 760 hello@exterminators.lk https://www.pestcontrol.lk https://www.exterminators.lk |
Kandy | 20, Mulgampola Road, Kandy Tel 0817 760 760/1 kandy@exterminators.lk |
Dambulla | 289/2, Trincomalee Road, Dambulla Tel 0667 760 760/1 dambulla@exterminators.lk |
Galle | Rilamba, Galle Road, Rathgama, Galle Tel 0917 760 760 galle@exterminators.lk |
Malabe | 29/D/10, Pittugala, Malabe |
Board of Directors | Chairman Dr. Kishu Gomes Managing Director Denham Marlon Ferreira Directors Dr. Nihal Arttygalle Ajith Kumara Jacob Laubscher G S Pelpola |
Company Secretary | R & J Corporate Secretaries (Private) Limited 109/10 A, Gothami Road, Colombo 08. Tel: 0114 335 938 |
Auditors | Jayasingha & Company Chartered Accountants 94/12, 2nd Lane, Kirulapone Avenue, Colombo-05 |
Bankers | Commercial Bank of Ceylon PLC Hatton National Bank PLC Seylan Bank PLC |